USDA Announces Special Import Quota #2 for Upland Cotton
The Department of Agriculture's Commodity Credit Corporation on Nov. 1 announced that Special Import Quota #2 for upland cotton will be established on Nov. 8, allowing importation of 12,807,185 kilograms (58,822 bales) of upland cotton, the same as for the…
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previous quota period. It will apply to upland cotton purchased not later than Feb. 5, 2019, and entered into the U.S. by May 6, 2019. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the period June 2018 through August 2018, the most recent three months for which data is available.